Price Of Milk, Eggs, And Other Groceries To Increase This Year

Anyone notice that your grocery and restaurant bills only grew a tiny bit inflation-wise in the last two years?

If not, the U.S. Department of Agriculture noticed for you. It found that grocery prices grew by only 0.3 percent last year — the lowest annual increase since 1967 — and that restaurant prices inched up by only 1.3 percent, the lowest bump since 1955.

But that trend is about to end. The feds predicted Tuesday that milk, eggs, meat and all other food is expected to be more expensive this year, with an increase in price of 2 to 3 percent. The change comes from higher energy and food-commodity prices.

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